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Korea to probe Chinese, Japanese steel imports over anti-dumping claims

Korea Economic Daily LogoKorea Economic Daily2d ago

Korea to probe Chinese, Japanese steel imports over anti-dumping claims - Korea Economic Daily

Quick Summary:

A spokesperson of the trade ministry said: “The decision to launch a formal investigation is still under review and no final determination has been made.” RISKS OF MOUNTING TRADE TENSIONSAmid weakening domestic demand, China and Japan have ramped up steel exports to South Korea, where shipments have entered duty-free under the Regional Comprehensive Economic Partnership (RCEP).

The country’s second-largest steelmaker alleged that Chinese and Japanese steelmakers – including Baowu Steel Group, Nippon Steel Corp., JFE Steel Corp.and Kobe Steel Ltd.– have been selling hot-rolled steel in South Korea 10-15% lower than domestic prices and 12-37% below their home market rates.

South Korea is set to launch an anti-dumping investigation into hot-rolled steel imports from China and Japan, according to government and industry sources on Wednesday.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 17:02:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 269 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 26268882

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 9 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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